Luminary provides AI-powered software specifically designed for trust and estate planning workflows. The platform streamlines data extraction, automates complex calculations, and generates clear visualizations to enhance advisor efficiency. This enables wealth advisors and legal professionals to focus on strategic planning and client advisory rather than manual preparation.
Funding
$9.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFFounders
Product
Problem
Understanding and managing complex trust and estate plans is an arduous and time-consuming process, often relying on static documents that are difficult to visualize and analyze. This complexity leads to inefficient case preparation and makes collaboration among advisors challenging.
Solution
Luminary provides an AI-powered platform that transforms static estate planning documents into dynamic digital records, enabling efficient data extraction, visualization, and reporting. The platform streamlines the process of understanding and modeling complex estate plans by automatically summarizing documents, extracting key data, and creating dynamic, up-to-date waterfalls. Luminary facilitates seamless collaboration among legal, tax, and investment advisors by providing role-based permissions and a single source of truth. By connecting asset and estate plan data, Luminary empowers advisors to model different growth rates, explore new strategies, and compare scenarios, ultimately helping clients understand and achieve their wealth transfer goals.
Target Audience
Luminary is designed for wealth advisors, family offices, and professional services firms that require efficient and collaborative tools for managing complex estate plans and delivering advanced planning services to high-net-worth clients.
Features
- AI-powered document summarization and data extraction from trusts, wills, and operating agreements
- Dynamic estate waterfall visualizations with customizable templates and drag-and-drop functionality
- Automated calculation of federal, state, and gift taxes
- Scenario modeling to compare planning outcomes across various market conditions
- Secure collaboration with role-based permissions for legal, tax, and investment advisors
- Client prospecting tools for personalized wealth transfer analysis
- Integration with portfolio management platforms like Addepar and eMoney Advisor for real-time data syncing
- Automated value creation reporting to quantify wealth transferred and estate tax savings